Funding you earn now, next payment 01:00 UTC+0.0141%/8h= +15.4% APRpaid last 24h +0.009%
Price spread now: GRVT against QFEX−0.053%57s7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$250.249% of the position
Funding, last 3 days (all we have)+0.027%+$3 on $10k
+Price spread, last 3 days (all we have)+0.061%+$6 · spread now −0.053%, 7d avg +0.018%
=Together, before fees+0.088%+ Points / potential airdropGRVT: Active · farm board+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.071% cheaper against QFEX than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of +0.018%). If the spread goes back, that is −$7 on $10k: about 40 hours of funding at the current rate (+$4 a day). At the pace of the last 3 days (+0.027% in total) that is about 8.8 days. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MU-USD | 1,048.5 | 0.0054 | pay 0.0007% / 1h | 54m 25s | $7.9M | $23.5M | 10x |
| Short | GRVT MU_USDT_Perp | 1,048 | 0.0195 | get 0.0195% / 8h | 7h 54m | $82K | $1.4M | 10x |
QFEX MU-USD
GRVT MU_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against QFEX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $29.56
- Price spread: −0.053% → +0.018%
- −$7.07
- Slippage, 4 orders
- −$5.93
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$2.43
- Costs to cover
- 0.249%
- Break-even
- 7.6 days
Slippage from QFEX: live order book, 10 min ago; GRVT: live order book, 4 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy QFEX live order book, 10 min ago | 0.72 bp | 5.8 bp −$6 | 5.8 bp −$58 | 10.5 bp −$1,054 | doesn't fit |
| Sell GRVT live order book, 4 min ago | 1.15 bp | 5.7 bp −$6 | 10.2 bp −$102 | doesn't fit | doesn't fit |
MU on 37 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX MUUSDC | −0.0946% | 4h | 1,047 | −0.150% | $1.3M | $671K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,048.5 | −0.006% | $63.1M | $28.3M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,047.1 | −0.133% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,049.9 | +0.135% | $11K | $6.4M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,048 | −0.054% | $130K | $418K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0023% | 1h | 1,046.2 | −0.220% | $3K | $44K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,048.9 | +0.031% | $1.2M | $4.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.209% | $14K | $251 | 12x | as long as short |
| Lighter MU | +0.0040% | 1h | 1,048.5 | −0.002% | $1.1M | $4.7M | 20x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,049 | +0.043% | — | $194K | 25x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Lighter RH MU
Injective MU/USDC PERP
Lighter MU
Vest MU-USD-PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,047.6 | −0.089% | $2.0M | $2.3M | 10x | as long as short |
| QFEX MU-USDlong | +0.0054% | 1h | 1,048.5 | long leg | $7.9M | $23.5M | 10x | |
| Deribit MU_USDC-PERPETUAL | +0.0055% | 1h | 1,048 | −0.052% | $62K | $291K | 10x | as long as short |
| Nado MU-PERP | +0.0073% | 1h | 1,048.4 | −0.009% | $271K | $859K | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0088% | 8h | 1,048.7 | +0.019% | $31.0M | $101.7M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,048.4 | −0.012% | $153K | $180K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,047.9 | −0.056% | $5.3M | $3.7M | 20x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,048.3 | −0.024% | $833 | $799 | 20x | as long as short |
| Paradex MU-USD-PERP | +0.0108% | 8h | 1,049 | +0.049% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0128% | 1h | 1,047.3 | −0.120% | $34K | — | 10x | as long as short |
| Bitget MUUSDT | +0.0149% | 8h | 1,048.6 | +0.009% | $20.6M | $41.5M | 50x | as long as short |
| Variational Omni MU | +0.0168% | 8h | 1,048.2 | −0.035% | $2.7M | $2.5M | — | as long as short |
| Aster MUUSD1 | +0.0177% | 8h | 1,048.2 | −0.031% | $21.6M | $47.8M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,046.7 | −0.177% | $759K | $1.3M | 10x | as long as short |
| Binance MUUSDT | +0.0185% | 8h | 1,048.7 | +0.021% | $125.4M | $525.5M | 50x | as long as short |
| GRVT MU_USDT_Perpshort | +0.0195% | 8h | 1,048 | −0.053% | $82K | $1.4M | 10x | |
| Arcus MU-USD | +0.0240% | 1h | 1,047.2 | −0.127% | $71K | $243K | 10x | as long as short |
| BloFin MU-USDT | +0.0303% | 8h | 1,048.4 | −0.010% | $1.5M | $2.0M | 20x | as long as short |
| RISEx MU/USDC | +0.0312% | 1h | 1,048.7 | +0.016% | $315K | $339K | 20x | as long as short |
| Bybit MUUSDT | +0.0398% | 8h | 1,049 | +0.047% | $19.3M | $32.6M | 100x | as long as short |
| SoDEX MU-USD | +0.0439% | 1h | 1,048.2 | −0.035% | $688K | $16K | 10x | as long as short |
| ApeX Omni MUUSDT | +0.0451% | 1h | 1,048.3 | −0.018% | $71K | $267K | 50x | as long as short |
| Phoenix MU | +0.0460% | 1h | 1,048 | −0.050% | $536K | $306K | 15x | as long as short |
| Extended MU_24_5-USD | +0.0536% | 1h | 1,048.2 | −0.034% | $550K | $1.0M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0781% | 1h | 1,048.4 | −0.011% | $170K | $202K | 10x | as long as short |
| Bullet MU-USD | +0.1027% | 1h | 1,048.7 | +0.017% | $26K | $394K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.1096% | 1h | 1,048.4 | −0.011% | $177.7M | $100.3M | 10x | as long as short |
Ondo Perps MU-USD.P
Deribit MU_USDC-PERPETUAL
Nado MU-PERP
OKX MU-USDT-SWAP
Pacifica MU
KuCoin MUUSDTM
Orderly PERP_MU_USDC_mythos
Paradex MU-USD-PERP
Aevo MU-PERP
Bitget MUUSDT
Variational Omni MU
Aster MUUSD1
Coinbase International MU-PERP-INTX
Binance MUUSDT
Arcus MU-USD
BloFin MU-USDT
RISEx MU/USDC
Bybit MUUSDT
SoDEX MU-USD
ApeX Omni MUUSDT
Phoenix MU
Extended MU_24_5-USD
Polymarket Perps MU-USD
Bullet MU-USD
tradeXYZ xyz:MU